China’s growth sums just don’t add up for the planet

China’s 1.3 billion (and counting) citizens are poised to transform the global landscape dramatically, both economically and ecologically. Today, the United States dominates the world stage with military spending of over $400 billion a year, a GDP topping $11 trillion annually, and carbon dioxide emissions that far surpass those of any other nation on Earth. […]

Liberia signs offshore exploration deals

Liberia’s government signed deals with one Liberian and two foreign oil companies to explore possible offshore oil deposits along the West African nation’s Atlantic Ocean coast, a top industry official said Tuesday. Britain’s Broadway Consolidated, Nigeria’s Oranto Petroleum Ltd., and Regal Liberia Ltd. signed the deal with Liberia’s state oil firm late last week, agreeing […]

Iran, India, Thailand: deals on LNG, oil

Iran and India last week signed a deal worth 22 billion dollars for Tehran to supply five million tons of liquefied natural gas (LNG) annually over a 25-year period from 2009. http://www.tehrantimes.com/Description.asp?Da=6/23/2005&Cat=9&Num=10

United Airlines Raising Fares To Offset Increasing Oil Prices

United Airlines announced a 3 percent fare increase Tuesday on most of the carrier’s domestic and international flights, citing the rising cost of oil as the reason. The Elk Grove Village-based airline said the increase is effective immediately. John Tague, United’s executive vice president for marketing, sales and revenue, said the airline is confident its […]

Worried about airline pollution? Sell your car, says Ryanair boss

The thorny issue of climate change has left most airlines bending over backwards to sound green. But Europe’s largest low-cost carrier, Ryanair, has dismissed its environmentally nervous rivals as “lemmings”.Ryanair’s chief executive, Michael O’Leary, has refused to support an industry-wide effort to limit carbon dioxide emissions. Asked yesterday what he would say to travellers worried […]

US Global Oil Supply Disruption Wargame Scheduled

Top former US national security officials will take part in an oil crisis simulation on Thursday 23rd June that will explore the economic and national security implications of America’s dependence on oil by simulating the consequences of a major global oil supply crisis. This executive simulation will use sophisticated video and computer modelling where participants […]

Senate Rejects Green House Gas Limits

The Senate yesterday rejected a measure calling for mandatory limits on emissions linked to global warming, siding with the Bush administration’s position that the restrictions would cost jobs, drive industry overseas and run up consumers’ energy bills. Voting 60 to 38, lawmakers rejected an amendment to a major energy bill that would have forced reductions […]

Exxon says N. America gas production has peaked

NEW YORK (Reuters) – After weak prices in the 1990s due to oversupply, natural gas production in North America will probably continue to decline unless there is another big discovery, Exxon Mobil Corp.’s (XOM.N: Quote, Profile, Research) chief executive said on Tuesday. “Gas production has peaked in North America,” Chief Executive Lee Raymond told reporters […]

‘Waking Up to Peak Oil’ – Tariana Turia

Scoop (New Zealand)

Dust Off the Bike – Oil Spikes Again

Just when you thought it was safe to go back to the gas station with prices gently subsiding, crude oil swelled to its all-time high Monday at nearly $60 a barrel Oakland Tribune

Interview with James Howard Kunstler

James Howard Kunstler is the author of the provocative and controversial The Long Emergency, and graciously agreed to be interviewed by Treehugger. We post the interview here and apologise for asking such long questions, we do run on.Treehugger

Halliburton Awarded New Military Contract

Halliburton Co. won a contract potentially worth more than $1 billion to support U.S. troops in the Balkans and other areas in Europe. The U.S. Army Corps of Engineers contract was awarded to Halliburton subsidiary KBR despite ongoing allegations of overbilling by the unit, the largest U.S. contractor in Iraq. Halliburton has consistently denied wrongdoing. […]

Chinese Company Offers $18.5B for Unocal

State-owned CNOOC Ltd., China’s third-biggest oil producer, made a $18.5 billion bid Thursday for U.S. oil company Unocal Corp., setting up a possible contest with rival bidder Chevron Corp. The CNOOC bid was the biggest yet in a multibillion-dollar wave of foreign takeover attempts by Chinese companies trying to secure a place in the top […]

Negotiation Key to Shell Boosting Production

Royal Dutch/Shell, the Anglo-Dutch energy group, on Wednesday announced a package of measures designed to boost its flagging oil and gas production and gain access to new resources. Jeroen van der Veer, Shell’s chief executive, said the company would set up a new “commercial academy” to train staff to negotiate more effectively with governments that […]

The Sky’s the Limit

Not long ago, the notion of the price of crude oil hitting $60 a barrel would have caused apoplexy. But after two years of steadily rising prices, the fact that oil trading in New York came within 30 cents of touching the $60 mark, setting a new record in the process, passed with barely a […]

World Oil, US Gas Markets To Remains Tight -Bodman

Tight U.S. natural gas and world oil markets that have produced rising prices and stress on consumers won’t ease up soon, U.S. Energy Secretary Samuel Bodman said Wednesday. Oil producers will struggle for years to keep up with strong growth in demand, Bodman said, a view that contradicts some analysts’ more sanguine forecasts. The gap […]

BLM Sets Conditions for US Oil Shale Work

The US Bureau of Land Management (BLM) announced terms and conditions for oil shale research, development, and demonstration (RD&D) on federal land. BLM said its aim is “to promote commercially viable and environmentally sound oil shale technology” in the US, which holds more than half of the world’s oil shale resources; the equivalent of 2.6 […]

China Oil Output Moving Towards Peak

ChinaDaily Times (Pakistan)

A Way to Explain Peak Oil to an Alcoholic…(or Anyone For That Matter)

From an email from a reader of ours:

“I have met with some skepticism from co-workers and friends over the fact that even if we have “only” used up half the world’s oil, we should still be able to easily go on and extract the last half. From what I’ve read, this just isn’t so.

I have thought about how to demonstrate the declining production paradigm, and came up with this simple demonstration. Take an average alcoholic. Take a 20 ounce tumbler, and stuff a new clean sponge in the bottom. Pour a fresh pint of dark beer in the tumbler and top it off with a little more, so the alky knows at least there is a full 16 ounces in the tumbler.

So there is known quantity (proven reserves) of dark beer (oil) in the tumbler (world), plus a little more (undiscovered reserves). Have him drink to his hearts content…”

The metaphor continues quite ingeniously over at The Oil Drum.

Smog Levels Prompt Health Alert (UK)

People are being warned of the possible health risks after officials issued a smog warning for many parts of England. Smog can also contain elevated levels of nitrogen dioxide and breathable dust. Mr Bradshaw added: “Air pollution is something that can affect human health. “During the 2003 heatwave, it was estimated… that up to 800 […]

Fueling Fears

Peter M. Jackson, Cambridge Energy’s director of oil industry activity, acknowledged during a teleconference with reporters yesterday that last year’s discovery of 13 billion barrels of new oil worldwide did not nearly offset the 30.7 billion barrels pumped out of the ground. That propels the belief that rapid depletion is at hand. But that is […]

Nigeria and Morocco: Oilfield Development and Inter-Ethnic Tension

“Sustainable Development” is a worn out clichGlobal Politician

Boone Pickens Sees Oil Prices Going Higher

Oil tycoon Boone Pickens’ bet that energy prices would rise made him more money in the past five years than he earned in the preceding half century hunting for riches in petroleum deposits and companies. And even as crude futures have doubled since 2000 to almost $60 a barrel, the 77-year-old Texan sees no reason […]

EU Wants 20 pct Cut in Energy Use by 2020

Europe should reduce its energy consumption by 20 percent by 2020 through more efficient technology, the EU executive Commission said Wednesday, helping cut dependency on oil and meet climate change targets. EU Energy Commissioner Andris Piebalgs said 60 billion euros ($73.12 billion) a year could be saved in fuel costs in the 25-nation bloc. A […]

World Now Facing Oil Glut?

An oil glut is coming. That’s right, a glut, way too much oil — and the bold prediction is being made by one of the energy industry’s top consultancies. Even more bold is the prediction’s timing, just as the benchmark price of oil is on the verge of cracking $60 (U.S.) a barrel and futures […]

Farmers Increasingly Counting on Sunshine for Energy Production

Pat Ricchiuti has always counted on California’s steady sunshine to bring out his peaches’ red blush and juicy, tangy sweetness. Now, the second-generation farmer is also counting on the sun to run the conveyor belts that fill his packing shed, sorting, sizing and packaging 1.5 million boxes of fruit a year. The farmer is tiling […]

Oil Prices Above $59 After Supply Dips

Oil prices traded above $59 a barrel on Wednesday after the U.S. government released data showing a decline in crude inventories but a build in gasoline and distillate fuel supplies. Light sweet crude for August rose 21 cents to $59.25 in early trade on the New York Mercantile Exchange. In London, Brent crude fell 8 […]

Bush: Nuclear Power Plants Needed

Pushing for the construction of nuclear power plants, President Bush on Wednesday pressed Congress to send him an energy bill. He acknowledged, however, that even when he signs the legislation, gasoline prices at the pump won’t fall overnight. Bush is promoting nuclear power as a way to take the pressure off fossil fuels: oil, natural […]

Chinese Investors Snap Up Brand-Name U.S. Firms

Chinese investor interest in two marquee U.S. companies – Maytag and Unocal – signals a new wave of Asian capital washing onto U.S. shores. Flush with cash, Chinese investors seek to secure long-term supplies of raw materials for that country’s fast-growing economy and to snap up brand names with global cachet. The upshot: By 2025, […]

EU-OPEC Joint Session Discusses LNG Transfer from Iran to Europe

The LNG transfer from IranAlexander’s Gas & Oil Connections

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